News

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Wed, 17 Jun 2020 15:09:07 GMT

Google rolls out ad features for businesses

On Wednesday, Alphabet's Google has released new advertising features designed to assist local businesses to gain more customers as well as recover from the COVID-19 pandemic.

Wed, 17 Jun 2020 14:21:42 GMT

US allows cooperation with Huawei on 5G

The US Department of Commerce unveiled a new rule allowing American companies to cooperate with China's Huawei Technologies over the 5G development and the rest cutting-edge technologies.

Wed, 17 Jun 2020 13:38:06 GMT

US-Israeli firm Pagaya attracts $102M in funds

The US-Israeli fintech company Pagaya, known for its AI use for managing institutional money, announced on Wednesday it had raised $102M in a private round of funding.

Wed, 17 Jun 2020 12:07:08 GMT

Commerzbank gets $47M fine

On Wednesday, the UK Financial Conduct Authority fined Commerzbank with $47M for failure to implement proper anti money laundering mechanisms.

Wed, 17 Jun 2020 11:35:53 GMT

Web Summit to be held in November

An organiser of the Web Summit, the EU largest technology conference, announced that the event would take place as soon as November in Lisbon as it was previously scheduled.

Wed, 17 Jun 2020 09:58:58 GMT

Wall Street rises on optimistic results

On Tuesday, Wall Street closed higher on signs of the economic recovery after a record rise in the US retail sales, Reuters reported.

Wed, 17 Jun 2020 09:36:44 GMT

Qualcomm puts 5G tech into cheaper phones

Qualcomm is putting the 5G technology into the chips for cheaper smartphones worth no more than $300, which will be launched at the market in the 2020's second half.

Wed, 17 Jun 2020 08:35:20 GMT

Germany approves new €218B debt

On Wednesday, the German Cabinet has approved a new debt of €218B this year for an economic recovery from the coronavirus pandemic, according to a government source.

Wed, 17 Jun 2020 06:50:11 GMT

US bank profits drop 70% in Q1

The US bank profits plunged by 69.6% to $18.5B in the 2020 Q1, compared to the previous year's same period, as banks had faced the economic impact of the coronavirus pandemic.

Wed, 17 Jun 2020 06:34:00 GMT

HSBC considers 35K layoffs

HSBC is reviving its massive redundancy plan the bank had put on hold after the COVID-19 outbreak, and is set to slash 35,000 jobs during the medium term, according to a memo released on Wednesday.

Wed, 17 Jun 2020 05:01:42 GMT

US and Mexico extend border restrictions

The Mexican Foreign Ministry announced on Tuesday that the United States and Mexico have prolonged the border restrictions for non-essential travel for 30 days.

Wed, 17 Jun 2020 04:03:44 GMT

Powell warns of uncertainty over US recovery

On Tuesday, the US Federal Reserve Chairman Jerome Powell stated that a full economic growth would not happen without a COVID-19 vaccine.

Wed, 17 Jun 2020 02:57:02 GMT

US bank profits decline to $18.5B in Q1

According to data from the US Federal Deposit Insurance Corporation, US bank earnings declined to $18.5B in the Q1.

Wed, 17 Jun 2020 01:44:27 GMT

EU antitrust opens investigation into Apple

The EU antitrust watchdog announced on Tuesday that it would open two investigations into Apple's App Store and Apple Pay practices.

Tue, 16 Jun 2020 20:09:49 GMT

German economic sentiment improves

The German economic sentiment increased to 63.4 points in June from 51 points in May, data published by the Leibniz Centre for European Economic Research show.

Tue, 16 Jun 2020 19:05:29 GMT

Belarus GDP contracts

The Belarusian economy contracted 1.8% in the first five months of 2020, compared the same period the prior year, the National Statistics Committee reports.

Tue, 16 Jun 2020 18:00:49 GMT

Hong Kong exports to decline 10% in 2020

Hong Kong's exports are expected to decline 10% in 2020 amid the coronavirus pandemic, a statement published by the Hong Kong Trade Development Council shows.

Tue, 16 Jun 2020 16:49:40 GMT

Carrefour to expand via voice service

On Tuesday, Carrefour and Google announced they would launch a new service of voice grocery shopping in France, as the French retailer seeks to boost its expansion into the food e-commerce.

Tue, 16 Jun 2020 15:42:53 GMT

AB Volvo to trim white-collar workforce

AB Volvo is planning to slash the white-collar workforce by about 4,100 jobs during the current year's second half due to the negative impact of the COVID-19 pandemic, it stated on Tuesday.

Tue, 16 Jun 2020 15:32:30 GMT

US retail sales at record-high level

The US retail sales jumped as much as 17.7% in May after two consecutive months of declines due to the coronavirus pandemic, as businesses reopened after the lockdowns.

Tue, 16 Jun 2020 14:30:09 GMT

EU watchdog to decide on Google-Fitbit deal in July

The EU antitrust regulators are set to pass their verdict Google's $2.1B bid for Fitbit, the fitness trackers company, by July 20; a deal that raised concerns from privacy advocates and consumer groups.

Tue, 16 Jun 2020 12:44:08 GMT

EU watchdog to search Apple's apps

On Tuesday, two EU antitrust regulators announced it would investigate into Apple's Apple Pay and App Store over their terms, conditions and restrictions that could potentially violate the EU competition rules.

Tue, 16 Jun 2020 12:27:46 GMT

Amazon rolls out tech system for social distancing

On Tuesday, Amazon.com has released a new technology-aided system at its facilities designed to maintain workers' social distancing, called "Distance Assistant".

Tue, 16 Jun 2020 11:36:09 GMT

Tencent seeks buying biggest stake in iQIYI

Tencent Holdings is planning to become the largest shareholder in iQIYI Inc, the video streaming rival, aiming to counter competition and lower costs in a sector driven by lockdowns.

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